About
David Chaston is the publisher of interest.co.nz and is commited to ensuring readers get the latest information on interest rates, and the forces that move them.
David Chaston
Latest articles
Deficit spending that pays for current consumption is just a wealth transfer from future taxpayers to current consumers. Economist Larry Kitlikoff et al say accumulating debt to pay for current expenses is like a Ponzi scheme
10th Jul 21, 6:24pm
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Deficit spending that pays for current consumption is just a wealth transfer from future taxpayers to current consumers. Economist Larry Kitlikoff et al say accumulating debt to pay for current expenses is like a Ponzi scheme
US to tackle big corporates; China cuts its bank reserve requirements; China's CPI slips; global food prices slip off highs; Sydney lockdown tightens; UST 10yr 1.36%, oil and gold up; NZ$1 = 69.9 USc; TWI-5 = 72.6
10th Jul 21, 8:10am
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US to tackle big corporates; China cuts its bank reserve requirements; China's CPI slips; global food prices slip off highs; Sydney lockdown tightens; UST 10yr 1.36%, oil and gold up; NZ$1 = 69.9 USc; TWI-5 = 72.6
A review of things you need to know before you go home on Friday; some minor rate changes, 'economy strained', NSW arrives must again quarantine, rate hike expectations rise, swaps stable, NZD soft, & more
9th Jul 21, 3:59pm
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A review of things you need to know before you go home on Friday; some minor rate changes, 'economy strained', NSW arrives must again quarantine, rate hike expectations rise, swaps stable, NZD soft, & more
Financial markets recoil on bond squeeze; US consumer debt surges; ECB adopts climate change policies; Australia eyes new macropru actions; UST 10yr 1.29%, oil and gold hold; NZ$1 = 69.5 USc; TWI-5 = 72.3
9th Jul 21, 7:21am
70
Financial markets recoil on bond squeeze; US consumer debt surges; ECB adopts climate change policies; Australia eyes new macropru actions; UST 10yr 1.29%, oil and gold hold; NZ$1 = 69.5 USc; TWI-5 = 72.3
Unprecedented rise in the total 'value' of our housing stock over the past year sees it streaking up 40 times faster than the rise in total economic activity, even though it too has jumped in the pandemic recovery
8th Jul 21, 4:54pm
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Unprecedented rise in the total 'value' of our housing stock over the past year sees it streaking up 40 times faster than the rise in total economic activity, even though it too has jumped in the pandemic recovery
A review of things you need to know before you go home on Thursday; TSB raises TD rates, job ads at record high, GDP a poor cousin to house values, swaps fallen further, NZD softens, & more
8th Jul 21, 3:59pm
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A review of things you need to know before you go home on Thursday; TSB raises TD rates, job ads at record high, GDP a poor cousin to house values, swaps fallen further, NZD softens, & more
US Fed prepares for tapering and rate rises; US vehicle sales lower; US Q2 GDP roaring; China signals RRR cut, China singles out Australia again; UST 10yr 1.32%, oil down and gold up; NZ$1 = 70.2 USc; TWI-5 = 73
8th Jul 21, 7:22am
29
US Fed prepares for tapering and rate rises; US vehicle sales lower; US Q2 GDP roaring; China signals RRR cut, China singles out Australia again; UST 10yr 1.32%, oil down and gold up; NZ$1 = 70.2 USc; TWI-5 = 73
A review of things you need to know before you go home on Wednesday; dairy prices slip, another vaccine approved, investors confident, QV wonders if market turning, short swaps stay up, NZD softer, & more
7th Jul 21, 3:59pm
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A review of things you need to know before you go home on Wednesday; dairy prices slip, another vaccine approved, investors confident, QV wonders if market turning, short swaps stay up, NZD softer, & more
Dairy prices slide; US services PMI off it highs; German sentiment slips; EU retail sales rise; China readies a retirement age rise; RBA starts QE windback; UST 10yr 1.37%, oil sinks but gold up; NZ$1 = 70.1 USc; TWI-5 = 72.9
7th Jul 21, 7:21am
4
Dairy prices slide; US services PMI off it highs; German sentiment slips; EU retail sales rise; China readies a retirement age rise; RBA starts QE windback; UST 10yr 1.37%, oil sinks but gold up; NZ$1 = 70.1 USc; TWI-5 = 72.9
A review of things you need to know before you go home on Tuesday; another $0.5 bln in FLP, auction clearances high, QSBO strong, Westpac sells life insurance business, swaps up, NZD jumps, & more
6th Jul 21, 3:59pm
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A review of things you need to know before you go home on Tuesday; another $0.5 bln in FLP, auction clearances high, QSBO strong, Westpac sells life insurance business, swaps up, NZD jumps, & more
China faces currency and service sector challenges; Aussie gains flatten off; OECD sees higher inflation; Canadian sentiment improves; UST 10yr 1.43%, oil and gold up; NZ$1 = 70.2 USc; TWI-5 = 72.9
6th Jul 21, 7:20am
63
China faces currency and service sector challenges; Aussie gains flatten off; OECD sees higher inflation; Canadian sentiment improves; UST 10yr 1.43%, oil and gold up; NZ$1 = 70.2 USc; TWI-5 = 72.9
A review of things you need to know before you go home on Monday; few retail rate changes, house prices 'stubbornly high', commodity prices up, NZR shrinking, swaps stable, NZD soft, & more
5th Jul 21, 3:59pm
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A review of things you need to know before you go home on Monday; few retail rate changes, house prices 'stubbornly high', commodity prices up, NZR shrinking, swaps stable, NZD soft, & more
Both the US and China taking a breather; another large ransomware attack; China opens up to investors; US jobs surge; Aussie investor lending jumps; UST 10yr 1.43%, oil stable, gold down; NZ$1 = 70.3 USc; TWI-5 = 73
5th Jul 21, 7:19am
64
Both the US and China taking a breather; another large ransomware attack; China opens up to investors; US jobs surge; Aussie investor lending jumps; UST 10yr 1.43%, oil stable, gold down; NZ$1 = 70.3 USc; TWI-5 = 73
US payrolls recover faster; US factory orders rise; Canadian building permits slump; Korea and India get high CPI rises; Aussie bank lending to investors jumps; UST 10yr at 1.43%; gold and oil firm; NZ$1 = 70.3 USc; TWI-5 = 73
3rd Jul 21, 8:37am
47
US payrolls recover faster; US factory orders rise; Canadian building permits slump; Korea and India get high CPI rises; Aussie bank lending to investors jumps; UST 10yr at 1.43%; gold and oil firm; NZ$1 = 70.3 USc; TWI-5 = 73
In the first month since the introduction of the Clean Car Discount, sales of SUVs and double cab utes rise strongly and NEV share falls. And those buying electrics are doing so at the luxury end
2nd Jul 21, 4:44pm
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In the first month since the introduction of the Clean Car Discount, sales of SUVs and double cab utes rise strongly and NEV share falls. And those buying electrics are doing so at the luxury end
A review of things you need to know before you go home on Friday; more TD rate rises, higher inflation expectations, greenies says CCC not tough enough, swaps rates fall at long end, NZD soft, & more
2nd Jul 21, 3:59pm
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A review of things you need to know before you go home on Friday; more TD rate rises, higher inflation expectations, greenies says CCC not tough enough, swaps rates fall at long end, NZD soft, & more
US jobless claims fall; US and EU PMI's still expanding strongly; China's PMIs drop back to minimal expansion; OECD tax deal endorsed; UST 10yr at 1.48%; gold and oil firm; NZ$1 = 69.7 USc; TWI-5 = 72.6
2nd Jul 21, 7:19am
70
US jobless claims fall; US and EU PMI's still expanding strongly; China's PMIs drop back to minimal expansion; OECD tax deal endorsed; UST 10yr at 1.48%; gold and oil firm; NZ$1 = 69.7 USc; TWI-5 = 72.6
A review of things you need to know before you go home on Thursday; many retail rate changes, jump in building consents, surge in tax collections, swaps stable, NZD unchanged, & more
1st Jul 21, 3:59pm
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A review of things you need to know before you go home on Thursday; many retail rate changes, jump in building consents, surge in tax collections, swaps stable, NZD unchanged, & more
Surging tax collections and spending plans that haven't yet gained any momentum are resulting in enormous changes in the Crown Accounts results
1st Jul 21, 1:39pm
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Surging tax collections and spending plans that haven't yet gained any momentum are resulting in enormous changes in the Crown Accounts results
HSBC trims its one year home loan rate to just 2.09% even as wholesale swap rates start moving up at the short end. It raised all rates for two years and longer
1st Jul 21, 10:59am
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HSBC trims its one year home loan rate to just 2.09% even as wholesale swap rates start moving up at the short end. It raised all rates for two years and longer
US jobs data average; factories facing huge cost pressure; US grain stocks halve; China bond worries; China PMIs unimpressive; ditto Japan and South Korea; UST 10yr at 1.45%; gold and oil firm; NZ$1 = 70 USc; TWI-5 = 72.6
1st Jul 21, 7:19am
59
US jobs data average; factories facing huge cost pressure; US grain stocks halve; China bond worries; China PMIs unimpressive; ditto Japan and South Korea; UST 10yr at 1.45%; gold and oil firm; NZ$1 = 70 USc; TWI-5 = 72.6
A review of things you need to know before you go home on Wednesday; some TD hikes & cuts, inflation pressure intense, huge mortgage demand, other lending picks up finally, swaps stable, NZD slips, & more
30th Jun 21, 3:59pm
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A review of things you need to know before you go home on Wednesday; some TD hikes & cuts, inflation pressure intense, huge mortgage demand, other lending picks up finally, swaps stable, NZD slips, & more
Multi unit developments in Christchurch City are rising strongly with individual unit sizes now averaging less than 80 m2
30th Jun 21, 2:14pm
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Multi unit developments in Christchurch City are rising strongly with individual unit sizes now averaging less than 80 m2
US sentiment high and rising; Japanese retail sales hold; EU confidence at 21 year high; Aussie pandemic outbreak stabilises; UST 10yr at 1.48%; gold soft and oil unchanged; NZ$1 = 69.9 USc; TWI-5 = 72.5
30th Jun 21, 7:19am
59
US sentiment high and rising; Japanese retail sales hold; EU confidence at 21 year high; Aussie pandemic outbreak stabilises; UST 10yr at 1.48%; gold soft and oil unchanged; NZ$1 = 69.9 USc; TWI-5 = 72.5
A review of things you need to know before you go home on Tuesday; no retail rate changes, wholesale electricity prices drop, wellbeing resilient, insurers milking it, 2yr swaps stable, NZD soft, & more
29th Jun 21, 3:59pm
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A review of things you need to know before you go home on Tuesday; no retail rate changes, wholesale electricity prices drop, wellbeing resilient, insurers milking it, 2yr swaps stable, NZD soft, & more